Las Vegas Business Owner Pleads Guilty in Fraudulent Income Tax Return Scheme

2 years ago

A Las Vegas, Nevada, businesswoman pleaded guilty today to filing a false tax return.

According to court documents and admissions made in court, Graciela Rueda Alvarez, aka “Graciela Masso,” owned and operated two Las Vegas businesses: All Hose Inc. (AHI) and All Hose South LLC (AHS), which are distributors of industrial, hydraulic, and pneumatic hoses, connectors and fluid transfer systems. From 2013 to 2016, Rueda Alvarez transferred more than $950,000 of the profits from AHI and AHS to bank accounts she controlled, but did not report these funds as income on her personal federal tax returns. In total, Rueda Alvarez caused a tax loss to the IRS of $210,807.

Rueda Alvarez faces the statutory maximum penalty of three years in prison, one year of supervised release, and a fine of $250,000. In addition to the prison term, Rueda Alvarez has agreed to pay $458,728.52 in restitution, including past-due taxes, interest, and penalties. U.S. District Court Judge Jennifer A. Dorsey scheduled sentencing for Sept. 27.

Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division, Acting U.S. Attorney Christopher Chiou for the District of Nevada, and Special Agent in Charge Albert Childress of the IRS Criminal Investigation made the announcement.

The IRS Criminal Investigation is investigating this case.

Assistant U.S. Attorney Jessica Oliva of the District of Nevada and Trial Attorney Michael Landman of the Tax Division are prosecuting the case.

Read Entire Article